Daily News

Source: BNN Bloomberg June 14, 2022

Goldman and Morgan Stanley say stocks don’t fully reflect risks

Even after this year’s rapid selloff, equities are still not fully reflecting the vast risks facing corporate earnings and weaker consumer demand, according to strategists at Morgan Stanley and Goldman Sachs Group Inc. “The Equity Risk Premium does not ref...

Market Call Source: BNN Bloomberg June 14, 2022

Ross Healy's Top Picks: June 13, 2022

Ross Healy, chairman, Strategic Analysis Corporation; portfolio manager, MacNicol and Associates Asset Management FOCUS: North American large-cap stocks MARKET OUTLOOK: We very recently entered a confirmed bear market in the U.S. While the Nasdaq h...

Source: Bankofcanada June 14, 2022

The Bank of Canada Museum announces recipients of new Award for Excellence in Teaching Economics

OTTAWA — The Bank of Canada Museum is honouring two outstanding educators with a new award that recognizes exemplary work in teaching students about the economy. Ms...

Airlines Source: Financialpost June 13, 2022

Summer travel costs are soaring and Canadians appear happy to pay the price

The cost of getting out of Canada hasn't been this expensive in years, yet Canadians appear willing to pay the price The cost of getting out of Canada hasn’t been this expensive in years, yet Canadians appear willing to pay the price....

Source: BNN Bloomberg June 12, 2022

The market's biggest fear these days: Strong economic data

All of a sudden, the market’s back in “good-news-is-bad-news” mode. Any positive readings on the economy, particularly those on employment and inflation, can be interpreted as signals that the Federal Reserve will have to stay aggressive with its rate hiking...

Source: BNN Bloomberg June 11, 2022

Yields spike to 2008 high, stocks sink on U.S. Fed bets

US stocks tumbled the most in three weeks and Treasury yields spiked higher after an unexpectedly hot reading in consumer prices fueled bets the Federal Reserve will have to step up its battle against inflation. The S&P 500 fell 2.9 per cent, closing out t...

Market Call Source: BNN Bloomberg June 11, 2022

John Zechner's Top Picks: June 10, 2022

John Zechner, chairman and founder, J. Zechner Associates FOCUS: North American large-cap stocks MARKET OUTLOOK: The first stage of the sell-off in stocks (which took the S&P 500 down 20 per cent and the Nasdaq almost 30 per cent) was almost entire...

Source: BNN Bloomberg June 11, 2022

Jordan sneakers the latest craze among alternative asset collectors

During his freshman year of college in 1996, Jordan Geller spent the money his parents  gave him for living expenses on a pair of sneakers – the highly coveted and newly released Air Jordan 11 OG 'Bred' shoes. “I was 23 when I bought my first pair of Jorda...

Source: BNN Bloomberg June 10, 2022

One strategist’s bear case sees the S&P 500 sinking another 30%

US stocks could drop another 30 per cent if spiking energy costs spark an economic contraction, according to Evercore ISI strategist Julian Emanuel.  Emanuel revised his 2022 target for the S&P 500 index to 4,300 from 4,800 but also outlined a more bearish...

Market Call Source: BNN Bloomberg June 10, 2022

Varun Anand's Top Picks: June 9, 2022

Varun Anand, vice president and senior portfolio manager, Starlight Capital FOCUS: Global infrastructure stocks MARKET OUTLOOK: Ongoing geopolitical uncertainty combined with elevated inflation has resulted in surging commodity prices and has left...